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Tax cut vote in the offing

haymarket

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The Plum Line - Dems will vote on just middle class tax cuts, Hoyer says

The Washington post is quoting #2 House Democratic leader as saying that the House will indeed vote on giving a tax cut to 98% of the American people.

a short section

Steny Hoyer, the number two in the House Dem leadership, told Democrats at a caucus meeting this morning that they would get to vote this year on just extending the Bush tax cuts for the middle class, a senior Dem aide tells me, signaling support for a confrontational move towards the GOP that liberals have been pushing.

Asked if Democrats would definitely get a chance to hold this vote, the senior aide responded: "Definitely."

Hoyer's declaration comes as Democrats have been debating the way forward on the Bush tax cuts, and another aide tells me that "more than half" of the Dem caucus supports this course of action.
Amen brother.
 

cpwill

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Democrats are split on this issue: Republicans are united.


be interesting to see if this - like their extension of unemployment benefits - is one of those "we know we're going to lose but we want to use this to score political points' business.



be even more interesting to see if that backfires.
 

haymarket

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and how could it backfire?
 

haymarket

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I would guess because they are scheduled to rise as part of the original Bush cuts. So the cut is against the scheduled rise.
 

Wiseone

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how is keeping taxes where they are now, a 'cut'?
Because the current tax rate represents what was designed to be a temporary cut. They were never designed to be permanent. So its still a 'cut' in terms that its the continuation of an existing cut dating all the way back to the early Bush years.
 

TurtleDude

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The worst thing the GOP could do is to allow partial tax cuts

all or nothing is the best solution and if the dems are really serious about the deficit they will push for no tax cuts (ie a massive tax hike). those who get most of the government resources need to pay more taxes rather than demand that the rich pay more and more
 

haymarket

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In the spirit of the season, perhaps the GOP can place a figure of Ebenezer Scrooge riding atop their elephant as it stomps deeper holes into the nation debt? Giving those who do not need a tax cut because they already have far more than 98% of us is a terribly expensive program which we certainly cannot afford now or at any time in the near future. It would be folly to do this.

Even some millionaires know better

http://www.fiscalstrength.com/
 
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Wiseone

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The worst thing the GOP could do is to allow partial tax cuts

all or nothing is the best solution and if the dems are really serious about the deficit they will push for no tax cuts (ie a massive tax hike). those who get most of the government resources need to pay more taxes rather than demand that the rich pay more and more
If you only tax people for services they use than why have taxes at all, since all youre doing is running money around a circle and giving it right back to the people you took it from. The entire point of a tax system to take some from everyone to fund public goods, whether you use them or not.
 
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